Common use of Other Activity Clause in Contracts

Other Activity. During the Term and any Renewal Term, the Executive may undertake other investment and/or business and/or charitable activities, whether or not for pecuniary advantage, so long as such other activities (A) do not interfere with the business of the Company or any Related Entity (B) do not materially interfere with the performance of his duties to the Company or any Related Entity, (C) are not competitive with the Company and (D) do not create a conflict of interest with the Company. It is agreed that if the Company hereafter engages in business in any industry in which the Company is not so engaged on the date hereof (or proposes on or before the date hereof to so engage, and any such proposals have been disclosed as of the date hereof to Executive), any activities which the Executive engages in prior to such engagement by the Company shall not be a breach of this Section 2(b), and Executive may continue to engage in such activities thereafter.

Appears in 4 contracts

Samples: Executive Employment Agreement (Spacedev Inc), Executive Employment Agreement (Spacedev Inc), Executive Employment Agreement (Spacedev Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!